Mars Finance News, crypto analyst @brianq stated that as Bitcoin price rebounds to $94,000-$96,000 in the past 5 days, market funds are beginning to reallocate towards Altcoins. Over the past week, the crypto market overall rose by 10.2%, with substantial funds flowing into small-cap Altcoins, especially MEME tokens, with traders displaying a high-risk speculative mentality. Keywords like "Altcoins" and "Altcoin season" have surged in popularity on social media, but historical evidence suggests that the market often moves contrary to retail investor expectations, and the current enthusiasm for Altcoins may signal a greedy market top.
Analyst: Market funds begin to reallocate to Altcoin, and traders show a speculative mentality
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